Futura Completes Loan Agreement and Raises $300,000
August 28 2012 - 4:27PM
Marketwired Canada
The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced
that it has entered into a loan agreement and raised $300,000 from an arm's
length party. Interest will accrue at a rate of 0% per annum until September 30,
2012 and at the rate of 12% thereafter until the maturity date of November 1,
2012. The lender has been granted a first security position and proceeds will be
used for working capital purposes.
About The Futura Loyalty Group
The Futura Loyalty Group Inc. is an industry-leading provider of integrated and
stand-alone loyalty solutions for Canadian and American businesses. The company
offers a comprehensive suite of loyalty products and services including access
to Aeroplan in Canada and four top frequent flyer programs in the United States.
Futura also develops custom programs for companies wishing to develop
proprietary loyalty solutions. Futura's loyalty services include member account
set up, management and reward redemption platform, a web-based program
transaction reporting interface for merchants, a robust offer management system,
retail POS Integration for card swipe issuance, loyalty analytics and a
proprietary web based reward issuance solution. For more information regarding
The Futura Loyalty Group, visit www.tflg.ca or www.futuraloyaltygroup.com.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based
upon current expectations, which involve risks and uncertainties associated with
our business and the environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be deemed to be
forward-looking statements, including those identified by the expressions
"anticipate", "believe", "plan", "estimate", "expect", "intend" and similar
expressions to the extent they relate to the Company or its management. The
forward looking statements are not historical facts, but reflect the Company's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations,
including any risks and uncertainties described herein, as well as the risks and
uncertainties detailed in our final long form prospectus dated November 29, 2005
filed with the regulatory authorities.
(R)Registered Trademark of The Futura Loyalty Group Inc.
The Futura Loyalty Group Inc. (TSXV:FUT)
Historical Stock Chart
From Jul 2024 to Aug 2024
The Futura Loyalty Group Inc. (TSXV:FUT)
Historical Stock Chart
From Aug 2023 to Aug 2024